Donald Trump Defends Economy Amid Low Approval Ratings
President Donald Trump defended his economic record and announced pending negotiations with Iran to resolve the blockage of the Strait of Hormuz.
President Donald Trump asserted in a Fox News interview that the United States possesses the greatest economy in history, arguing his administration deserves an A+ grade. He cited a reduced trade deficit and $19.2 trillion in business investment as evidence of strength. During visits to California and Nevada, Trump promoted the GOP Working Families Tax cuts, noting a 15% increase in average tax returns for filers in those states.
Despite these claims, public confidence remains low. An Associated Press-NORC survey showed only 32% approval for his economic handling, while a Fox News poll placed it at 31%. Further polling indicates 69% of Americans view the economy as poor and 66% disapprove of the president's overall job performance. Trump dismissed these ratings, blaming media coverage for failing to highlight his achievements.
Economic strain continues due to high fuel prices, which average $4.08 per gallon. Trump attributed these costs to oil producer profits and international tensions. He announced Tuesday evening that negotiations are underway with Iran regarding the blockage of the Strait of Hormuz, stating a deal could be announced within two days.